In furtherance to letter dated 4th June, 2024 and pursuant to the provisions of Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) read together with Para A 4(d) of Part A; Para A 16 (a) of Part B of Schedule III of the Listing Regulations, Crest Ventures has informed that at the meeting of Debenture Fund Raising Committee (‘the Committee’) of the Board held today 07th June, 2024, the Committee considered and approved issuance of, on a private placement basis, 12% Rated, Listed, Unsecured, Senior, Transferable, Redeemable, Non-Convertible Debentures (‘NCDs’) each of face value INR 1,00,000/-, at par, with a base issue size up to INR 75 Crore with a Green Shoe Option up to INR 25 Crore aggregating up to INR 100 Crore for a period of 18 months. The said issue is within the existing borrowings limits under section 180(1)(c) as approved by members and no fresh approval is required. Further, disclosure under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 is enclosed as Annexure A. The meeting commenced at 10.00 am and concluded at 11.30 am.
The above information is a part of company’s filings submitted to BSE.
